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UK Regional Centres Forecast to Flourish Despite Slowdown

LONDON-Prime office markets in regional centres such as Leeds, Bristol and Birmingham could see rental growth of up to 10% this year, according to the latest research from ATIS Real Weatheralls.

By Graham Parker | Updated on February 15, 2002

LONDON-Although the office markets in London and the South East of England are subdued, new research from ATIS Real Weatheralls concludes that the prospects are much brighter in the UK’s provincial office centres. The very limited supply of office space in cities like Leeds, Bristol and Birmingham is likely to maintain relatively high levels of rental growth.

Guy Grantham, head of UK regional office research for ATIS Real Weatheralls, said: ‘The sluggish development pipeline is unlikely to mitigate the imbalance between supply and demand for the right product in some regional centres. The broader, less IT-reliant occupier base in these centres – compared to the South East – means there is every possibility that core locations will see uplift of between five and 10%.’

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